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devbar3416
17.01.2020 •
Business
Suppose that you are obtaining a personal loan from your uncle in the amount of $30,000 (now) to be repaid in three years to cover some of your college expenses. if your uncle usually earns 9% interest (annually) on his money, which is invested in various sources, what minimum lump-sum payment three years from now would make your uncle satisfied with his investment?
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Ответ:
$38,851 approx
Explanation:
As per the information provided in the question, the minimum annual rate of return would be at-least equal to the usual rate of return the investor (here uncle) earns. Here it is 9% per annum.
Anything earned below this rate of return will not satisfy the investor since this represents the minimum required rate of return.
A=![P(1 + r)^{n}](/tpl/images/0458/7719/ff4dd.png)
Where A= Amount
P= Principal
r= Annual Rate Of Interest
n= period of loan
Therefore, A=![30,000(1 + .09)^{3}](/tpl/images/0458/7719/60542.png)
A= $38,850.87 or $38,851 approx.
Ответ:
Answer and Explanation:
Nike
$18,627÷ ($2,494.7a+ $2,795.3b)/2
$18,627÷$2,645 = 7.0 times
Adidas
$10,299÷$1,415c+ $1,459d)/2
10,299÷$1 437= 7.2 times
2,566.2 – 71.5
b2,873.7 – 78.4
c1,527 – 112
d1,570 – 111
Average collection period
Nike
365÷7.0= 52.1 days
Adidas
365÷7.2
= 50.7 days
Therefore Adidas's accounts receivable turnover was about 3% higher [(7.2 – 7.0) ÷7.0] than that of Nike's, which simply means that Adidas was slightly more efficient than Nike in turning accounts receivable into cash.